Max Verstappen and Red Bull favored to dominate Formula 1 again in 2024

Max Verstappen and Red Bull favored to dominate Formula 1 again in 2024

When the 2024 Formula 1 season gets underway in Bahrain in a few weeks, triple-World Champion Max Verstappen will be looking to win his fourth consecutive Drivers’ Championship. In the latest Formula 1 futures market, Verstappen is the -375 betting favorite to make it four wins in four years. And it’s already looking clear that something extraordinary will have to happen to prevent the Dutchman from standing on the top of the podium again at the end of the 2024 season.

  • Max Verstappen won an extraordinary 19 races out of 22 in 2023. The Dutchman won the Drivers’ Championship by a staggering margin of 290 points
  • Verstappen’s Red Bull team were equally as dominant in the Constructors’ Championship, clinching the title after just 16 of the 22 races
  • The 2024 season gets underway in Bahrain, with a Saturday race on March 2nd. The season ends on December 9th, with the final race taking place in Abu Dhabi
  • In total, there are 24 rounds in 2024, the most ever in a Formula 1 season. There are also six Sprint races. They will take place in China, Miami, Austria, Austin, São Paulo, and Qatar

Verstappen and Red Bull set to dominate 2024

The opening race of the 2024 Formula 1 season doesn’t take place until the start of March. Testing will be over three days (21st-23rd February) before the start of the race in Bahrain. But even with just under two months until Round One of the Drivers’ Championship, Max Verstappen has been installed as the odds-on favorite to win the title for a fourth successive year.

The same Formula 1 betting sites have also made Verstappen’s Red Bull team their favorite to win the Constructors’ Championship. The Austrian team has won the title for the previous two years, and they are -360 for the three-peat with BetOnline.

So, if the best Formula 1 online betting sites are correct, it looks set to be another season dominated by Max Verstappen and his Red Bull team.

Betting to win the 2024 Drivers’ Championship

Okay, we already know that Max Verstappen is just -375 to win his fourth title in four years. Second in the betting is Lando Norris at +700. Norris and his McLaren team enjoyed a great second half of the season in 2023, and by the time of the last race in Abu Dhabi, they had made considerable ground in closing the gap on Red Bull.

Even with continued progress, it’s hard to see McLaren getting close enough to the Verstappen/Red Bull combination to win the Drivers’ Championship. But in the event of something preventing Verstappen from winning, the best F1 betting sites see Norris as the most likely candidate to cash in.

Third in the betting is the seven-time World Champion Lewis Hamilton. The British driver and his team endured a seriously frustrating 2023. Every time they looked like they were closing the gap on Red Bull, they suffered a setback.

It seemed to be one step forward and two back for Mercedes in 2023. It looks unlikely much will change this year, and as a result, Lewis Hamilton is the third favorite to win the Drivers’ Championship at +1100.

More information about the bookmakers we use for our Formula 1 odds can be found on our betting bonuses and promotions page.

DriverBetOnlineBovadaMyBookie
Max Verstappen-375-375-375
Lando Norris+700+700+700
Lewis Hamilton+1100+1100+1100
Oscar Piastri+2000+2000+2000
George Russell+2200+2200+2200
Sergio Perez+2800+2800+2800
Charles Leclerc+3300+3300+3300
Carlos Sainz+4000+4000+4000
Fernando Alonso+4000+4000+4000
Lance Stroll+20000+20000+20000
Alexander Albon+25000+25000+25000
Esteban Ocon+50000+50000+50000
Pierre Gasly+50000+50000+50000
Valtteri Bottas+50000+50000+50000
Guanya Zhou+50000+50000+50000
Kevin Magnussen+50000+50000+50000
Nico Hulkenberg+50000+50000+50000
Yuki Tsunoda+50000+50000+50000
Daniel Ricciardo+50000+50000+50000
Logan Sargeant+50000+50000+50000

Best of the Rest

Interestingly, the best F1 betting sites are giving the respective No.2 drivers at Red Bull, Mercedes, and McLaren more chances of winning the Drivers’ Championship than either of the two Ferrari drivers.

Oscar Piastri of McLaren is fourth in the betting at +2000, with George Russell at +2200 and Sergio Perez at +2800. Charles Leclerc is the leading Ferrari driver in the betting at +3300. His teammate Carlos Sainz is down at +4000.

It’s hard to see any of the above beating Verstappen. And unless something dramatic happens in testing in February, the -375 on Verstappen winning his fourth title will soon disappear.

Max Verstappen To Win 2024 Drivers’ Championship
-375
BetOnline

Constructors’ Championship Betting

Red Bull won the 2023 Constructors’ Championship at a canter.

Of the 22 races, the team won 21. The only race they didn’t win was Round 16 in Singapore, where Carlos Sainz recorded the only victory of the season for his Ferrari team.

ConstructorBetOnlineBovadaMyBookie
Red Bull-360-360-360
Mercedes+500+500+500
McLaren+550+550+550
Ferrari+900+900+900
Aston Martin+3300+3300+3300
Alpine+15000+15000+15000
Sauber+25000+25000+25000
Alpha Tauri+25000+25000+25000
Williams+25000+25000+25000
Haas+30000+30000+30000

The winning margins for Verstappen did get slightly closer towards the end of the season. But as the odds of -360 on Red Bull suggest, the margins haven’t closed enough.

Red Bull To Win 2024 Constructors’ Championship
-360
BetOnline

Mercedes (+500) are the closest betting rivals to Red Bull. But given Norris and Piastri are expected to do well this year, it is slightly surprising to see the Silver Arrows ahead of McLaren (+550) in the betting.

The stuttering Ferrari team is +950 to turn their fortunes around in 2024. Aston Martin is the only other team in the running. But they only have Fernando Alonso likely to be contesting for podium finishes. Hence why they are out at +3300.

McLaren looks like the team most likely to upset Red Bull. And at +550, they are worth a small outside wager to win the 2024 Constructors Championship.

McLaren To Win 2024 Constructors’ Championship
+550
BetOnline

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Dean Etheridge

Dean Etheridge brings decades of sports knowledge and betting insights to his writing. Hailing from Coventry, England, he offers an engaging British perspective on everything from soccer to cricket. Dean has established himself as a reputable voice on English Premier L...

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